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Foreign Investment in the U.S.
Remained Robust in February

By

Deborah Lagomarsino Dow Jones Newswires

Updated April 18, 2005 12:01 a.m. ET

WASHINGTON -- Foreign investment in U.S. assets remained robust in February, giving financial markets greater confidence in overseas investors' ability to continue financing the record U.S. current-account deficit.

Foreigners snapped up $84.5 billion (&euro;65.5 billion) in U.S. stocks and bonds in February, down from $92.5 billion in January, according to the latest data from the U.S. Treasury Department. "The outlook is for continued big purchases of U.S. securities," said Christopher Rupkey, chief...